earnings reports News

Universal Ready to Add Florida Policies Again, Contemplates Potential Rate Cuts

Universal Insurance Holdings, after discontinuing more than 160,000 policies over the last two years, now sounds like it’s ready to start growing again in its home state of Florida. “As we move forward, we’re more confident in the Florida market, …

Hartford’s McGee Discusses Company’s Turnaround, Transformation

The Hartford Financial Services Group’s Liam McGee, who stepped down as president and CEO on July 1 but will remain executive chairman until next year’s shareholder meeting, spoke about the company’s transformation at the second quarter earnings conference call Thursday. …

Erie Indemnity Reports $163M Income for Full-Year 2013

Erie Indemnity Company, the management company for Erie Insurance, reported $36 million net income for its 2013 fourth quarter, up 20 percent from $30 million reported during the prior-year fourth quarter. The full-year 2013 net income was $163 million, up …

Donegal Group’s Q3 Profit Up 12% to $7.7M

Donegal Group Inc. of Marietta, Penn., reported on Oct. 25 net income of $7.654 million for its 2013 third quarter, an 11.9 percent increase over $6.839 million net income reported a year ago. Total net premiums written for the latest …

Marsh Q2 Insurance Revenue Up 3%; Sees ‘Modest’ Price Increases

Marsh & McLennan Cos. (MMC) reported its 2013 second-quarter net profit of $388 million, up 17.9 percent compared to $329 million net profit reported during the same quarter one year ago. Net profit for the first six months of 2013 …

Liberty Mutual Q2 Net Income More Than Triples to $448M

Liberty Mutual Holding Co. Inc. posted $448 million net income for its 2013 second quarter, a 222 percent jump from $139 million net income posted during the same quarter last year. The company benefited from lower catastrophe losses and improved …

Selective Insurance Q2 Profit Advances to $27M

Selective Insurance Group Inc. reported $27.1 million net income for its 2013 second quarter, improving from $0.3 million net income during the same period a year ago. The Branchville, N.J.-based insurer said it achieved a 7.2 percent renewal pure price …

Selective Insurance Q2 Profit Advances to $27M

Selective Insurance Group Inc. reported $27.1 million net income for its 2013 second quarter, improving from $0.3 million net income during the same period a year ago. The Branchville, N.J.-based insurer said it achieved a 7.2 percent renewal pure price …

Hanover Q2 Profit Rises to $53M; Strong Pricing Environment Cited

The Hanover Insurance Group Inc. reported net income of $53.4 million for the 2013 second quarter, an increase of 157 percent compared to $20.8 million net income during the same period a year ago. The net income for the first …

Donegal Group Posts $2.6M Q2 Profit

Donegal Group Inc. of Marietta, Penn., today reported net income of $2.6 million for the second quarter of 2013, compared to $2.0 million net income for second quarter of 2012. The company said the profit increase is primarily attributable to …